Considering the price's attempt to break the 4-hour resistance and its failure, along with confirmation of a decline on the 30-minute timeframe, we expect the price to drop to the 8-hour low.
The risk-to-reward ratio will be around 1:6. However, please ensure to maintain a 2% risk of your account balance and do not risk more than that. Always take responsibility for your trades.
The risk-to-reward ratio will be around 1:6. However, please ensure to maintain a 2% risk of your account balance and do not risk more than that. Always take responsibility for your trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.